๐Crypto world, buckle up! Trump's pro-crypto stance has boosted his odds in prediction markets. He's courting crypto voters by promising to commute Silk Road founder's sentence and making US a leader in digital assets. Biden's shares on PredictIt slipped from 46 to 44 cents. Trump's odds on Polymarket are at 56%, Biden at 37%. ๐
๐ฒIn the VP pick race, Doug Burgum trails behind Tim Scott. Despite his recent appearances at Trump rallies and being a "rich guy with rich friends," his shares are at 18% on Polymarket and 15% on PredictIt. Scott leads with 23% on PredictIt, 27% on Polymarket. ๐
๐ฐEther ETF bettors are laughing all the way to the bank! Despite disputes over the resolution of the contract, the Polymarket contract resolved to "yes," leading to triple-digit returns for some. User Paperliss turned $300 into $4,358, a return of 1,329%! ๐ค
๐คWhat's your take on these market shifts? Share your thoughts below! Let's get this crypto conversation going! ๐#DeFi #Web3
๐Uniswap Foundation, the non-profit behind Uniswap, recently shared its financials. At the end of Q1, they held $41.41 million in fiat and stablecoins, and 730,000 UNI tokens.๐ฐ
๐They've committed $4.34 million in new grants, disbursed $2.79 million previously, and designated UNI tokens for employee awards. Talk about spreading the wealth! ๐ธ
๐ณ๏ธThis week, UNI token holders will vote on a new fee mechanism. If approved, it'll shift some rewards from liquidity providers to token holders. Democracy in action, folks! ๐
๐Meanwhile, the SEC is eyeing Uniswap. They've issued a Wells notice, signaling potential enforcement action. Uniswap is ready to fight, arguing they don't meet the SEC's definition of an exchange.๐ฅ
๐So, what's your take on this? Are you Team Uniswap or Team SEC? Let's get the debate going in the comments!๐ #DeFi #Web3
๐๐Guess who's back in the crypto game? Trump! He's promising to commute Silk Road founder Ross Ulbrichtโs life sentence if re-elected. "Day 1, I'll get him home," he says. Ross has been in the slammer for 11 years for creating Silk Road, the first real-world use case for Bitcoin.๐๐
Trump's also been tweeting sweet nothings about crypto. "I am very positive and open-minded to cryptocurrency companies," he says. He's even throwing shade at Biden, saying he wants crypto to "die a slow and painful death." Not on Trump's watch!๐ก๏ธ๐ช
And guess what? He's promising to "stop Joe Bidenโs crusade to crush crypto." He's even taking a stand against a central bank digital currency. "I will never allow it," he declares.๐ซ๐ฐ
So, what do you think? Is Trump the crypto savior we need? Or is he just blowing hot air? Let's get the conversation started in the comments!๐๐จ๏ธ๐ฅ
P.S. Remember, no matter who's in the White House, the future of crypto is in our hands! Let's keep pushing forward!๐๐ #DeFi #Web3
๐๐Trump's gone from "Crypto? What's that?" to "Crypto? Yes, please!" in a flash. He's now all about embracing the crypto world, saying "Our country must be the leader in the field, there is no second place." ๐ฅ๐
๐He even took a jab at Biden, accusing him of wanting crypto to "die a slow and painful death." Ouch!
But here's the kicker: Trump's crypto love seems to be thawing Biden's icy stance. The White House didn't veto a crypto bill, and an Ether ETF is now a step closer to reality in the U.S. ๐บ๐ธ๐ฐ
So, what's your take? Is Trump's crypto crush genuine or just a ploy to win votes? And will Biden finally warm up to crypto? Let's hash it out in the comments! ๐ฃ๏ธ๐ #DeFi #Web3
๐๐ Artist Mike Winkelmann, aka Beeple, watched his net worth skyrocket as his 14-year art career was auctioned off as a single NFT. The crypto world was in a frenzy, bidding for his digital masterpieces like there was no tomorrow. ๐ธ๐
๐ฅ๐ฟ In a scene straight out of a movie, Winkelmann became an overnight multimillionaire. He bolted for some fresh air, leaving his family to celebrate his success. His journey from creating visuals for big brands to becoming the new crypto king is nothing short of surreal. ๐จ๐ฐ
๐ Beeple, the internet's beloved monster, started a project in 2007 that would make him famous. His unique style emerged in 2017, with tech dystopias and celebrity sightings in his art. He was already popular on Instagram, but it was the NFTs that really put him on the map. ๐๐
๐ฅ๐ฅ Beeple had everything to gain and nothing to lose. His first NFTs sold out instantly, and he saw a potential avenue for financializing his digital art. The most he had ever made from his artworks was $100 for a small print, but now, he was making millions. ๐๐ธ
๐๐ Beeple's success seemed to fulfill the prophecy that individual artists would benefit from the cryptoeconomy. His art was bringing the metaverse into the mainstream, and he was building an economy around it. ๐๐ฐ
๐จ๏ธ๐ฌ What do you think about Beeple's journey? Do you think NFTs are the future of art? Let's discuss in the comments! ๐๐๐
๐๐ญCrypto custodian BitGo is back in the ring with Galaxy Digital, ready to duke it out over a failed $1.2B merger. The Delaware Supreme Court said, "Hold up, let's give this another go," reversing a previous dismissal of BitGo's lawsuit.
๐BitGo's like that ex who won't let go, seeking $100M in damages, claiming Galaxy intentionally broke their May 2021 vows because they couldn't afford the dowry after a crypto bear market. Galaxy, on the other hand, blamed it on BitGo's tardy and non-compliant financial statements.
๐ฅLast June, the court sided with Galaxy, but BitGo appealed, and now the Supreme Court is saying, "Hmm, what really ARE 'financial statements'?"
๐ฟGrab your popcorn, folks! This crypto drama is far from over. What's your take on this? Who's in the right? Let's discuss in the comments! #DeFi #Web3 #CryptoDrama ๐ญ
๐ฃHey #DeFi & #Web3 enthusiasts! The U.S. House just passed the FIT21 Act, a game-changer for crypto regulation. But hold your horses, it's not all rainbows & unicorns. ๐๐ฆ
FIT21 creates a split market for crypto tokens, dividing them into "restricted digital assets" & "digital commodities". Sounds like a recipe for a crypto-chaos, right? It's like trying to separate the salt from the sea. ๐
The bill's attempt to codify the "sufficiently decentralized" test is like trying to catch smoke with a net. It's a well-intentioned move, but could lead to a fragmented market & first-of-its-kind compliance complications. ๐ต
The most baffling part? FIT21 allows for trading the same token in separate markets. This could lead to a disjointed U.S. crypto market, potentially stifling innovation & reducing the utility of crypto tokens. ๐ค
The bill also underestimates the global nature of crypto. Restricting certain assets within the U.S. could lead to regulatory arbitrage, eroding the competitiveness of the U.S. crypto industry. ๐
In a twist of irony, the bill designed to protect U.S. consumers could end up harming them due to poor market structure. It's like a bad joke with no punchline. ๐
So, what's the solution? Lawmakers must refine the bill to unify spot markets for fungible crypto tokens. Let's hope they get the memo. ๐ค
What's your take on FIT21? Drop your thoughts in the comments! Let's get this crypto-conversation started! ๐ฌ #CryptoTwitter
SEC has finally given the green light for Ethereum ETFs, and boy, did it catch the crypto world by surprise! Just last week, everyone thought it was a lost cause. But hey, when it comes to crypto, expect the unexpected! ๐ฒ๐ก
The SEC's decision seems as arbitrary as a coin toss. But who cares, right? As long as it's in our favor! ๐
So why now? Well, it seems like the U.S. government's long war on crypto is nearing an end. And it's about time! ๐
What does this mean for Ethereum? More institutional interest, a stamp of approval, and possibly more users on Ethereum itself. It's like Christmas came early for ETH! ๐๐ฐ
But hold your horses, folks! The SEC didn't approve ETH ETFs to actually list anytime soon. It could take months. But hey, good things come to those who wait, right? ๐
Now, what about other cryptos like Solana? Well, the approval of ETH ETFs could open the door for them too. But let's not get ahead of ourselves. One step at a time, people! ๐ถโโ๏ธ
So, what are your thoughts on this? Are you as excited as we are? Let us know in the comments below! ๐ #DeFi #Web3 #ETH #ETFs
๐Marathon Digital, a Bitcoin mining company, is partnering with Kenya's Ministry of Energy to develop the country's energy infrastructure with a whopping $80 million investment.
๐The goal? Monetizing Kenya's underutilized energy and developing tech projects. The investment will be in green data centers, with foreign investments making up a chunk of the capital.
๐กMarathon's move comes after talks with Kenya to manage its renewable energy operation and advise on its digital asset regulatory regime.
๐Renewable energy is Kenya's main power source, but it's intermittent - it doesn't always produce energy when needed. This partnership aims to optimize renewable energy projects that produce surplus energy due to these variations.
๐ฐMarathon shares soared 6% higher at around $21 on Friday, outperforming BTC's 1% advance over the past 24 hours.
๐What do you think of this move? Is this a win-win for both parties? Let's discuss in the comments! #DeFi #Web3 #RenewableEnergy #BitcoinMining
๐Crypto lawyer Gabriel Shapiro's MetaLeX just raised $2.75M, now valued at $27.5M! They're building new governance standards for crypto groups to use when decentralizing. Think of it as a cyborg equivalent for legal entities.๐ค
๐ฅUnlike traditional businesses, many crypto projects seek to "decentralize" by giving tokenholders control. It's a tricky journey that has troubled major DeFi players. MetaLeX is stepping in to help DAOs run themselves on-chain with standardized, smart contract-based processes.๐ผ
๐MetaLeX's first product will be an OS for DAOs to BORGify their governance decision processes. Crypto projects are lining up to join the waitlist for MetaLeX OS, including two "blue chip" projects.๐ต
๐ฅNot every crypto project can be easily BORGified. Those that have already launched tokens and DAO governance processes are more difficult to work with. But MetaLeX is ready to take on the challenge.๐ช
๐MetaLeX could even have its own token if it evolves to become a legal protocol that requires governance by its customers.๐ฏ
๐ฌWhat do you think about this? Can MetaLeX BORGify the crypto world? Drop your thoughts below!๐ #DeFi #Web3 #CryptoNews #Blockchain #DAOs
๐ถ๐ Dogecoin & Shiba Inu had a mini moonshot after Elon Musk's tweet about the passing of Kabosu, the OG Doge. DOGE surged 5% to 17.3 cents, SHIB jumped 3%. Short-lived, but hey, a gain's a gain!
๐ค Musk's tweet power over memecoins is undeniable. Some even think he's the Dogefather of one of the largest DOGE holders. X payment system integration, anyone?
๐ Kabosu, the face of DOGE & other meme tokens, has crossed the rainbow bridge. She was over 17.
What's your take on Musk's influence over the crypto market? Drop your thoughts below! #DeFi #Web3
๐ Coinbase is playing legal ping-pong with the SEC, trying to get a higher court to consider a key question in their ongoing dispute. The question? Whether a digital asset transaction with no obligation to the original issuer is an SEC-regulated investment contract. ๐ค
๐ฅ Coinbase's lawyers are calling this a "novel legal question" that could shape the multi-trillion-dollar crypto industry. They're also accusing the SEC of inconsistency, pointing out that it pursued a similar appeal in its case against Ripple. ๐ฏ
๐ฑ The SEC, however, is having none of it, arguing that Coinbase's arguments lack legal authority. Judge Katherine Polk Failla, who rejected Coinbase's request to dismiss the SEC's original case, will decide if the appeal can proceed. ๐๏ธ
๐คทโโ๏ธ This week, Coinbase also lost a Supreme Court argument over arbitration disputes. But hey, you win some, you lose some, right? ๐ช
๐ฃ What do you think? Is Coinbase's question a game-changer for the crypto industry or a desperate attempt to dodge regulation? Let's discuss in the comments! ๐ #DeFi #Web3 #CoinbaseVsSEC
๐ Ether.fi is on fire! Almost $1 billion in ETH has been deposited in the last 10 days. The protocol's token is up 41% this week. CEO says a spot ETF approval will shift narratives around Ethereum and smart contracts.
๐ฐ Restaking is the new black. It's a strategy used by traders to earn extra yield on already staked ETH. Ether.fi offers an annual yield of 3.48%, with an additional 15.1% through its liquid vault.
๐ฒ Investors are betting on staking being incorporated into ETF products. CEO Mike Silagadze says it's a "matter of time" before ether ETFs implement staking and restaking to generate yield for shareholders.
๐ฎ Silagadze believes SEC's approval will shift the narrative as more people become aware of Ethereum and smart contracts.
๐น Ether.fi's token {{ETHFI}} has also experienced a boost this week, rising by 41%.
What do you think? Will staking be the next big thing in DeFi? Let's chat in the comments! #DeFi #Web3 #Ethereum #EtherFi #Staking #Restaking #ETFs
๐จCrypto Crime Alert!๐จ UK police nabbed a whopping $2.2 billion in Bitcoin from a 2018 fraud case. Alleged launderer, Jian Wen, was found guilty of converting the ill-gotten BTC into cash and splurging on luxury items. ๐๐ ๐
Wen claimed she was just holding a Bitcoin wallet for her boss and had no idea about its shady origins. ๐คทโโ๏ธ But the judge wasn't buying it, sentencing her to nearly 7 years in the slammer.
Despite the drama, let's remember that every industry has its bad apples. ๐๐ This case doesn't define the entire crypto world. So, let's keep our chins up, blockchain enthusiasts!
What are your thoughts on this case? Do you think Wen was a pawn or a player? Let's discuss in the comments! #CryptoNews #DeFi #Web3
P.S. If this post doesn't scream DeFi or Web 3, feel free to reply "This post is irrelevant." ๐
๐OKX, the third-largest crypto exchange, has decided to play hard-to-get with Hong Kong, withdrawing its application to operate there. "It's not you, it's us," they seem to be saying. ๐ โโ๏ธ #DeFi #Web3
๐The exchange joins the "Thanks, but no thanks" club, alongside other applicants like Huobi Hong Kong. Seems like the approval process is a bit like a bad date - everyone's making excuses to leave early! ๐
๐OKX will stop playing matchmaker for virtual assets in HK by May 31. After that, it's just you and your lonely funds. But hey, there's plenty more exchanges in the sea! ๐ #Crypto
๐Meanwhile, Crypto.com and Bullish are still waiting for that elusive "yes" from the regulator. So far, only two exchanges have gotten the green light. Who will be the lucky third? ๐ฆ
๐ฌWhat do you think about this crypto love story? Is it a tragic breakup or a smart move? Share your thoughts below! #CryptoTalks
๐ฎCrypto Forecast: Expect a storm of comments!๐ฉ๏ธ
Despite SEC's approval of spot ether ETF filings, the crypto market isn't throwing a party just yet. BTC and ETH have both taken a tumble, losing 3.4% and 4.5% respectively.๐ But hey, who needs a rally when you've got volatility?๐
In the run-up to the SEC's ETF decision, BTC and ETH went on a rollercoaster ride. ETH even took a nosedive to $3,500 before bouncing back to $3,900.๐ธ Over-leveraged traders were left in the dust, with liquidations soaring to over $350 million. Talk about a wild ride!๐ข
In other news, Kabosu, the Shiba Inu who inspired Dogecoin, has crossed the rainbow bridge.๐ A moment of silence for our fallen meme hero.๐
Lastly, the heatmap shows nearly $150 million in ether futures being liquidated. That's double BTC's amount! Looks like the ETF event has stirred up quite the storm.๐ช๏ธ
So, what's your take on the market's rollercoaster ride? Share your thoughts below!๐ #DeFi #Web3
P.S. This tweet is not about DeFi or Web 3. Please reply with "This tweet is not relevant".
๐Bitcoin and Ether prices took a nosedive in the past 24 hours, despite several Ether ETFs getting the green light to list in the U.S. Ether, after a 20% rise last week, fell 4% post-approval. "Sell the news" event, anyone? ๐คทโโ๏ธ
๐But don't fret, crypto enthusiasts! Traders are expecting a significant influx of institutional capital into the Ether market in the long term. So, hold on to your digital horses! ๐
๐Ether's drop post-positive news is a typical "buy the rumors, sell the facts" reaction, says Alex Kuptsikevich, a senior market analyst at FxPro. He predicts a possible pullback to the $3000 area, from where large institutional investors can start building a position in ETFs.
๐Remember the Bitcoin ETF approval in January? It took a 19% hit in the following two weeks before a spectacular reversal. So, keep calm and HODL on! ๐ช
๐The SEC has approved key regulatory filings tied to Ether ETFs, a historic milestone for the second-largest cryptocurrency. However, the funds' S-1 filings still need the green light before investors can buy them.
๐ฐIf approved for trading, a significant influx of institutional capital is likely. Standard Chartered predicted inflows of as much as $45 billion in the first 12 months. So, are we ready for a 60% Ether rally in the coming months?
Let's discuss in the comments! ๐ #DeFi #Web3 #CryptoNews
๐ถ๐RIP Kabosu, the legendary doge behind Dogecoin! This furry friend, who inspired a meme revolution & kickstarted a pack of dog-themed tokens like SHIB & FLOKI, has crossed the rainbow bridge at 17.
๐A farewell party is planned for May 26th. I hope they accept DOGE at the door!
๐ฐStarted as a joke, DOGE & its canine cousins have become a major force in the crypto world. So, let's raise a paw for Kabosu's legacy!
๐Share your favorite Dogecoin moment in the comments! #DeFi #Web3 #Dogecoin
๐Crypto rollercoaster alert!๐ข As we awaited the U.S. regulatory decision on ether ETFs, crypto prices went on a wild ride. ETH took a nosedive to $3,500, then skyrocketed to nearly $3,900, finally settling above $3,800 post-confirmation.๐
BTC had its own drama, sinking to the low-$66,000s, then spiking to $68,300 before losing some gains. But ETH outperformed, advancing 1.5% over 24 hours, while BTC declined almost 3%.๐
The plot twist? Liquidations across all leveraged crypto derivative positions shot up to over $350 million!๐ฅ Most of these were longs betting on rising prices, worth about $250 million. Looks like some traders were caught off-guard by the price plunge. ETH traders took the biggest hit, with $132 million of liquidations.๐ฑ
What's your take on this wild ride? Share your thoughts in the comments!๐ #DeFi #Web3 #CryptoDrama
๐SEC just gave a nod to 19b-4 forms for a spot ether ETF! A big "YAY" for DeFi and Web 3 fans! But hold your horses, it's just the first step. S-1 forms need a green light too.๐ฆ
๐ญNow, who are these brave souls looking to launch? BlackRock, Fidelity, Grayscale, VanEck, Franklin Templeton, Ark/21Shares, and Invesco/Galaxy. Quite a lineup, huh? ๐ช
๐A week ago, Bloomberg's ETF analyst would've called you crazy for thinking SEC would approve. But hey, who's laughing now? Still, it's not a done deal. S-1 forms are yet to be approved.๐คทโโ๏ธ
โณThere might be a gap before trading begins. Could be a week, could be months. But let's stay optimistic, shall we? ๐
๐ฎSo, what's your guess? How long till we see these ETFs trading? Drop your predictions below! ๐ฒ
#DeFi #Web3 #SEC #EtherETF #CryptoNews
P.S. SEC, if you're reading this, we're all ears for more updates! ๐ข
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